Business Savings Accounts
Your initial Langley account
A Business Savings account is the initial account that you, as a member, will have with Langley. Once you make the initial deposit, which includes the purchase of a $5.00 share in the credit union, you become a member-owner of Langley Federal Credit Union, which enables you to take advantage of other products and services offered.
Minimum Balance to Open and Maintain the Account: $25.
Deposits: Unlimited number of deposits may be made.
Fees: No monthly maintenance fee.
Withdrawal Limitation: Maximum withdrawal of $600 per day from the ATM.
Transaction Limitation: No more than six (6) preauthorized, automatic (to include overdraft protection), or telephone transfers, including Langley Online Banking, may be made from this account to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If these transfer limitations are exceeded, your account will be assessed a Returned Item fee for each attempted transfer, and the account may be subject to closure. Please refer to the separate Fee Schedule.
Dividend: Business Savings accounts pay tiered dividends.